A currency isn’t a security.
The Safe Token doesn’t act like a security anyways, even if you named it a cryptosecurity it wouldn’t be treated as a security, because it doesn’t behave like one.
The SEC doesn’t care how you name it, it cares how it behaves and how it is used. And of course it is not a security, it doesn’t represent shares of a company. That discussion was never on the table.
It will behave as a currency, though, among other things(*)
Also, nobody redefines the name of a currency just because it is using ACH, SWIFT, VisaNET or the Interbank Networks, it is the money that it represents what matters, the platform or the technology that enables it to use it is, in itself, irrelevant.
There is technically nothing incorrect with calling it Safe Token or a Safe Currency, both are the right category, and there is nothing fundamentally different from any other cryptocurrency.
The Safe Network is another animal, but the token is in itself nothing out of the ordinary.
The only major difference between the blockchain-based cryptocurrencies and the Safe Token is that we don’t have a ledger, so in that aspect the Safe Network truly could be considered to have the properties of a digital cash (when used as money). There are no ledgers to register the transaction, and the token itself is exchanged between two peers only, so there would be no friction, no fees, and no bottlenecks.
But either it is cash in your pocket, or a fictional number in the database of a bank, both are money. That is the category it belongs, there is no other category… unless it represents and behaves as something else.
Regarding to the point you made about baseball cards not being currency, I guess you didn’t understand @Kirov’s point about cigarettes in prison.
Cigarettes are a commodity in the normal world and they are definitely neither money nor currency, but in prison it is used as a default means of exchange for goods among prisoners it starts to behave like currency and it becomes a de facto currency.
(*) In the case of Safe Tokens, the default Safe Token used to pay for puts, get rewarded for farming, or pay for apps, will be without any ambiguity, a currency.
But tokens that are modified to be used as NFTs, if it isn’t used as a means of exchange and only as a collectible, it won’t be a currency.
But if for some weird reason a particular NFT starts being used in lieu of Safe Tokens to buy stuff, as a means of exchange, it will be like those cigarettes in prison, it will technically become a currency.